Date: June 01, 2020
Ref. No: 002/RES2020
RESOLUTION No. 002
THE ONE WAY OUT OF THE GLOBAL FINANCIAL CRISIS
With concern and anxiety, the Board of the International Treasury Monetary One ascertains that the global epidemic, caused by the Corona Virus Covid-19, leads to a shut down of the World Economy, overstrains the worldwide Health and Welfare Systems and compounds the imminent collapse of the World Finance Fiat System.
WHEREAS of these threatening tendencies, the International Treasury Monetary One, hereinafter referred to as “ITM1”, took the decision to urge the development of a problem-solving Monetary Reform.
WHEREAS global financial crisis finding deficiencies in existing systems financial regulation, forced to look for a way out of the situation in the World financial market, to identify the main directions of action improving the sustainability of banking systems and avoiding crises like the current. It caused the necessity for International Treasury Monetary One to rethinking the principles of bank regulation and the need to develop and implement new approaches and methods for assessing systemic risks, establishing counter-cyclical capital adequacy norms and formation of reserves for possible loan losses during periods of economic ascents and downturns.
RESOLVED, that the monetary reform takes in consideration
(1) the permanently impairment of the leading world currencies;
(2) the superior level of global-scale debts;
(3) the boosting tendencies to print money without real secured backup value;
(4) the hereby caused setback of the USD indexed trading system;
(5) the use of a Money multiplier, leaving excessive credit reserves in banks;
(6) the imminent negative consequences of the pending Global Currency Reset (GCR).
Furthermore RESOLVED, that ITM1 will deploy their huge portfolio of Bank Balance Sheet Gold and Off-Balance Sheet Gold as security to back-up the Monetary Reform.
ITM1 as owner and assignee has the nearly entire Global Gold Reserves under management.
This fact is recognized by all the regulators of the World Finance System as IMF, World Bank, BIS, UN etc and offers the perspective to place a solution with national, ideological and economic interests.
WHEREAS with consequent accrual of our Resolution No. 001 “Anti Crisis Financial Measures”, published on the 7th of April 2020, we recommend that the GOLD STANDARD has to be implemented in the World Finance, and fast.
We advocate (1) the introduction of XAU, the currency code for Gold, as index for one general World payment standard and (2) the design, issuance and printing of the series of Treasury Bills of the World currency “TBM1”, directed by the ITM1 and affiliated partners.
WHEREAS integrating the positive features of the Special Drawing Rights (SDR), TBM1 will be used as the prospectively major international element for the formation of official foreign exchange reserve systems, for the regulation of the payment balances and for measuring the value of new national currencies.
RESOLVED, International Treasury M1, as Owner and Manager of the backing gold assets and as Safe Guard and Creator of the related currency codes, introduces the following solution approaches and concrete set of measures:
(1) Put into effect immediately the final regulations of Basel III for the Introduction of the Gold Standard by advocating XAU as sole World payment standard index for a new World Currencies;
(2) Implement three (3) different new World reserve currencies into the World Financial System, calculate, setup and align them to the value of XAU and arrange the worldwide circulation;
(3) Install the new World reserve currencies under the following specific names:
a) "Golden Soviet Ruble" – 1 (One) Golden Soviet Ruble = 0.987412 grams of gold;
b) "Gold USA Dollar" – 1 (One) Gold us Dollar = 1.2345 grams of gold;
c) "Golden ECU" – 1 (One) Golden ECU = 1 troy ounce of gold.
(4) Create an exchange rate of "World money" in relation to World reserve currencies for the period of the crisis and for the period of elimination of post-crisis consequences;
(5) Issue and print the gold backed bank notes, denominated in the above-mentioned World Reserve Currencies and organize the system to place them worldwide in the Treasuries, their National Banks, Reserve Banks and/or Central State Banks in order to increase and consolidate the gold balance of each country and force and enable the issuance of national currencies;
(6) TBM1 accepts as payment for tax payments and as a replenishment of banks' reserves;
(7) Motivate, urge and support these receiving entities to study, analyze and finally define terms and conditions for the expansionary financial and monetary policies, in order to originate and stimulate a secured international commodity and exchange trading system;
(8) Create an issuance and allocation system which lead to an understandable classification and evaluation of the currencies defining the value-centered backup model of the currencies;
(9) Provide positive impacts to smooth economic fluctuations and in order (i) prevent the occurrence of permanent fluctuations of currencies, rate values, and exchanges (ii) to balance the economic activity and growth, (iii) to improve and redistribute the standard of living for all citizens of the world and (iv) to advance technological progress for fighting against and solving the threatening challenges the world is facing;
(10) In accordance with the final recommendations and requirements Basel III, recommend soon to all banking regulators of countries, as National Banks, Reserve Banks and/or Central State Banks to carry out audit of the Special Accounts of the state and commercial banks, having defined Capital requirements Tier1, Tier2, Tier3. By identifying all assets that do not meet the Capital requirements Tier1, Tier2, Tier3, take them out of circulation, out of balance sheet and prepare them for liquidation;
(11) Concerning debts of the countries on the basis of loans received from various banking organizations. We recommend to the Ministries of Finance of the countries request from regulators of countries where to stay Lender Bank to provide the report on Capital requirements Tier1, Tier2, Tier3 of the received Loans on the basis of the recommendation and requirements Basel III. If Capital requirements of the received Loans do not have appropriate gold backing, then to prepare these obligations for liquidation;
(12) Concerning debts to the International Monetary Fund. Recommend to Finance Ministries to carry out debt audits since the introduction of the Jamaica Monetary System. Submit these reports to the International Treasury М1, on the basis of which the International Treasury М1 will provide necessary assets for the complete closure of Government debts to the International Monetary Fund;
(13) Concerning intercountry, external government debt which formed between countries since the introduction of the Jamaica Monetary System. Recommend to Finance Ministries to carry out debt audits and classify these debts, identify medium- and long-term debts, to submit these reports of the exclusively medium- and long-term external debts to the International Treasury М1. The International Treasury М1 will provide necessary assets for the complete closure of medium- and long-term external debts between the countries. Exceptions are government debts formed for implementation of investment projects and state programs according to the priority directions of the country's economy development;
(14) Recommend that all countries review government programmes and investment projects in accordance with priority directions for the development of the country's economy. International Treasury М1 recommend to define programs and projects that meet the conditions development of environmental ecological safety, solving the problem of food production, solving the problem of employment of the population, solving the problems of infrastructure development, housing for all citizens, transition to sustainable use of natural resources. Recommend that all countries review energy security concepts with the transition to alternative clean energy sources, taking into account the availability of innovative technologies of free energy which will be actively implemented by us.
(15) Recommended to provide for the International Treasury М1 with the prepared government programs and investment projects in accordance with priority directions for the development of the country's economy. The International Treasury М1 will provide necessary assets for financing the government programmes and investment projects. Special working group from each country will determine terms and program - funding schedule. The task of the Special working group there will be a definition which government programs will receive non-returnable financing.
WHEREAS in accordance with the above-mentioned structural measures and with the proviso that the realization requests an intensive collaboration worldwide, the ITM1 respectfully recommend all International Financial Entities, Universities and private accredited experts to commit their qualified and confidential participation on the platform "Anti-Crisis Center".
This special department of the ITM1 aims to engineer and coordinate problem-solving solutions in order to avoid empty accounts of clients of global and local banks and to be confronted with panic activities and drastic cuts in our liberal mixed economic market system.
RESOLVED, the Governments and the affiliated financial bodies are recommended to adopt one of the referred World's reserve currencies and to approve the necessary steps by the Parliaments and on their Central Bank level.
RESOLVED, the transmission and implementation period should last up to December 31, 2020 and that the aggregate amount of national currencies shall not exceed the estimated gold backup in accordance with the final recommendations and requirements Basel III.
RESOLVED, the Control and Audit over the implementation of this Resolution No. 002 is entrusted to the Executive Committee, equipped with special rights and power by the ITM1.
The Executive Committee will be constituted and composed of ITM1 officials and participants of the “Anti-Crisis Center”.
This resolution has been passed on this 2nd day of June, 2020 and is effective forthwith by signing under witness.
His Highness
Alexander Nikolaevich Paramonov
The Chief Treasurer of the International Treasury Monetary One,
The President and Chief Operating Officer
of the White Spiritual Boy R.S.B. Global Corp Inc,
Grand Magister and Grand Intendant
of the Jerusalem, Rhodes and Maltese
Sovereign Military Hospitaller Order of Saint John
ORDER OF HOSPITALLERS
UN No. 521730